"Don't be snarky."
"Please don't post shallow dismissals, especially of other people's work. A good critical comment teaches us something."
Looks like GMV is actually ~1.2B/year and even at a conservative 10% profit margin, they're pulling in at least $120M/year.
"The company said its revenue more than doubled in the last year, with gross product sales topping $100 million a month. It has expanded into streetwear and luxury goods like handbags and has more than 800 employees."
https://help.stockx.com/articles/478556-what-are-stockx-sell...
"The main website enabling Mr. Wilkins’ now full-time business? StockX, a site that treats coveted consumer goods like sneakers as tradable commodities."
The website is enabling Mr. Wilkins, among many others to sell shoes.
Later on in the article... "[StockX] gross product sales topping $100 million a month"
$250K profit, $1M in sales, $1B valuation. Lol. Can't wait until this useless company fails miserably. Obsession with thousand dollar "streetwear" and "sneakers" is beyond pathetic. Usually you'll find the people most interested in this dogshit are the people who can afford it the least. Obsession with consumption-based "hobbies" like this is the mark of a cookie cutter.